Bangladesh Seeks $3 Billion IMF Emergency Aid to Help Pay Debt

[WizardofSoda]

https://finance.yahoo.com/news/bangladesh-seeks-3-billion-imf-133902909.html

Bangladesh wants to maintain its “impeccable record of servicing its foreign obligations,” Mansur said. “We never failed in the past, and we don’t want to fail ever in the future. That’s a very strong, clear commitment from our side.” The injection of additional funds would be “just to cover” the near-term payment obligations, he said.

My comments: shameful.. Pakistan had to go to the IMF last year as it went bankrupt. And Sri Lanka also collapsed and needed an IMF bailout. Now Bangladesh went down.

The IMF doesn't just hand out loans and say don't worry about it. The IMF takes full control of countries economies and politcs, and piles on the interest and compound interest.

 

[Shaktiman]

Baler desh Bangladesh